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Eastern Maine Development Corporation

Bangor, ME 4401

3
Loans Approved
$443K
Total Volume
$148K
Avg Loan Size
1
States Served

States Served

Maine

Top Industries Financed

  • Drinking Places (Alcoholic Beverages)
  • Limited-Service Restaurants

Quick Summary

Eastern Maine Development Corporation is an SBA-approved lender headquartered in Bangor, Maine. Since 2020, they have approved 3 SBA 7(a) loans totaling $443K, with an average loan size of $148K. They primarily serve Maine businesses.

About Eastern Maine Development Corporation

Eastern Maine Development Corporation is an SBA-approved lender headquartered in Bangor, Maine. Since 2020, they have approved 3 SBA 7(a) loans totaling $443K, with an average loan size of $148K. They primarily serve businesses in Maine.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Eastern Maine Development Corporation an SBA Preferred Lender?

Eastern Maine Development Corporation is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Eastern Maine Development Corporation approved?

According to SBA FOIA public records, Eastern Maine Development Corporation has approved 3 SBA 7(a) loans totaling $443K since 2020. Their average loan size is $148K.

What states does Eastern Maine Development Corporation serve?

Eastern Maine Development Corporation primarily serves businesses in Maine.

How do I apply for an SBA loan with Eastern Maine Development Corporation?

To apply for an SBA 7(a) loan with Eastern Maine Development Corporation, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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